ESCO Technologies Inc. (NYSE:ESE) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in ESCO Technologies Inc. (NYSE:ESE) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,309 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,426 shares during the quarter. Wells Fargo & Company MN owned about 0.15% of ESCO Technologies worth $5,236,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ESE. Mather Group LLC. purchased a new position in ESCO Technologies in the 4th quarter valued at $30,000. Jones Financial Companies Lllp raised its position in shares of ESCO Technologies by 747.1% in the 4th quarter. Jones Financial Companies Lllp now owns 288 shares of the scientific and technical instruments company’s stock worth $38,000 after buying an additional 254 shares during the period. Huntington National Bank lifted its holdings in shares of ESCO Technologies by 150.0% during the 4th quarter. Huntington National Bank now owns 305 shares of the scientific and technical instruments company’s stock valued at $41,000 after acquiring an additional 183 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in ESCO Technologies by 378.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 565 shares of the scientific and technical instruments company’s stock worth $75,000 after acquiring an additional 447 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in ESCO Technologies by 21.7% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the scientific and technical instruments company’s stock worth $76,000 after buying an additional 102 shares in the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

ESCO Technologies Trading Up 0.3 %

Shares of NYSE:ESE opened at $151.28 on Monday. The firm has a fifty day moving average of $157.45 and a two-hundred day moving average of $143.62. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. ESCO Technologies Inc. has a 12-month low of $100.84 and a 12-month high of $171.28. The firm has a market capitalization of $3.90 billion, a P/E ratio of 35.51 and a beta of 1.07.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings data on Thursday, February 6th. The scientific and technical instruments company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.34. ESCO Technologies had a return on equity of 9.91% and a net margin of 10.44%. On average, equities analysts expect that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. ESCO Technologies’s payout ratio is presently 7.51%.

Wall Street Analyst Weigh In

ESE has been the subject of several recent analyst reports. Stephens reissued an “overweight” rating and set a $175.00 price objective on shares of ESCO Technologies in a report on Thursday, February 27th. Benchmark boosted their target price on ESCO Technologies from $150.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, StockNews.com cut shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.